588031, 62-788 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 588031

Notice of Development of Rulemaking

Department:

DEPARTMENT OF ENVIRONMENTAL PROTECTION

Chapter:

VOLUNTARY CLEANUP TAX CREDIT RULE

Overview

RULE:

62-788	VOLUNTARY CLEANUP TAX CREDIT RULE
62-788.100	Applicability and Limitations (Repealed)
62-788.150	Referenced Guidelines (Repealed)
62-788.200	Definitions (Repealed)
62-788.300	Application Process (Repealed)
62-788.310	Affordable Housing VCTC Application Process
62-788.320	Solid Waste VCTC Application Process
62-788.400	Eligibility Determination (Repealed)
62-788.900	Forms (Repealed)

PURPOSE:

The Voluntary Cleanup Tax Credit Program has been expanded and clarified by statute, and the department proposes to clarify some existing requirements based on experience in implementing the program since the rule was initially adopted.  The changes included in Chapter 62-788, F.A.C., will describe how the Voluntary Cleanup Tax Credit program has been expanded to include additional types of credits, how the applications will be reviewed, and how the tax credit awards will be calculated.

SUBJECT:

The changes to Chapter 62-788, F.A.C., will incorporate or introduce the following at eligible sites: an increase in the per-site tax credit award amount and percentage for site rehabilitation; requirements for issuance of a one-time tax credit award when use of the brownfield site is limited to affordable housing; requirements for issuance of a one-time tax credit when solid waste is removed, transported and disposed of in accordance with department rules; extension of the application deadline from December 31 to January 15; extension of the site rehabilitation certificate issuance deadline from March 1 to March 31; updates in terminology and definitions for consistency and clarity; clarification of the useful life of issued tax credit certificates; clarification that applications must be complete by the submittal deadline and that placeholder applications are not accepted; allowance of tax credits for site rehabilitation conducted prior to brownfield area designation or the execution of the applicable voluntary cleanup agreement or brownfield site rehabilitation agreement.

RULEMAKING AUTHORITY:

376.30781, F.S.

LAW:

376.30781, F.S.

PRINT PUBLISH DATE:

8/25/2006 Vol. 32/34

RELATED STATUTES
AND LAWS:

376.30781, F.S., 376.30781, F.S.

OVERSIGHT COMMITTEE:

Joint Administrative Procedures Committee
Florida Administrative Law Central Online Network (F.A.L.C.O.N.)

RELATED COURT CASES:

Division of Administrative Hearings

FEDERAL eRULEMAKING
WEB PORTAL:

Regulations.gov

HOW TO LINK TO
THIS NOTICE:

http://flrules.org/gateway/ruleno.asp?id=62-788&PDate=8/25/2006&Section=1

REFERENCE MATERIALS:

No reference(s).

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